Accenture
APRIL 26, 2017
A breakdown of the 2016 findings by age (see Figure 2) reveals what many might regard as a surprising outcome—with millennials being by far the heaviest users of branches, tapering down to OAPs as the lightest. All of this leads us to the million-dollar question: What kind of banking model do customers actually want?
Gonzobanker
APRIL 4, 2024
Because banks like Bank of America, Chase, Wells Fargo and other large regional banks have highly diverse product lines, making a direct comparison of number of customers nearly impossible. of Millennials, 7.5% of the market, and JPMorgan Chase—the nation’s largest bank (in terms of assets)—counts 7.6%
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CB Insights
JULY 25, 2019
Fintech is often associated with digital tools targeted at tech-savvy millennials. While many Boomers and senior citizens may not be aware of the wide variety of fintech services available to them, such as digital banking, a number of tools exist that aim to raise awareness. . get the REPORT on next generation investors.
PYMNTS
MARCH 2, 2018
For millennials, these cards simply don’t induce the same debt-based anxieties as credit cards. A recent survey found credit card debt is a source of considerable worry for millennial consumers, with 33 percent reporting it as the most feared life aspect. By comparison, just 20 percent cited death as a top fear.
NCR
AUGUST 14, 2017
Even if they are a shrinking part of a bank’s base, these consumers remain too numerous to be ignored. Assuming that everyone will naturally make the transition to digital banking at their own pace will be a mistake, and may see banks lose customers as people turn to financial institutions who they feel can better cater to their needs.
FICO
OCTOBER 16, 2018
It was Millennials. Banks have been trying. According to a 2017 report from the Digital Banking Report , 66% of banks offer online account opening and 18% offer mobile account opening. Amazon built a digital shopping experience for everyone. Welcome to the on-demand generation.
PYMNTS
DECEMBER 24, 2018
Text messaging, social media, Pinterest and memes have all been offered up as avatars of destruction — and the general consensus seems to be that the death of conversation is a direct result of the digital age and probably has something to do with millennials. The art of conversation is far from dead. Tide CEO Dr. Oliver Prill.
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